Current Affairs - Banking - Discussion

Discussion :: Banking - Latest Current Affairs (Q.No.391)


Exim Bank gives loans worth __________ million for projects in Rwanda.

[A]. 225$
[B]. 244$
[C]. 267$
[D]. 275$

Answer: Option C


The Reserve Bank of India (RBI) notified that Exim Bank has proffered soft loans worth 266.6$ million to Rwanda for various projects. The funding for the projects has been done in 3 distinct tranches. The projects are for supporting agricultural projects; for the development of Special Economic Zones (SEZs); for financing road projects in Rwanda. Exim Bank, according to the agreement will provide $100 million to finance the development of 2 SEZs, as well as for the expansion of the Kigali SEZ in Rwanda.

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